Asia-Pacific generation equipment contracts activity up 29% in Q2 2020

There were 94 generation equipment contracts announced in the Asia-Pacific region in Q2 2020, marking a rise of 29% over the last 12-month average of 73, according to GlobalData’s power industry contracts database.

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q2 2020 with 98 contracts and a 37.8% share, followed by Generation Equipment with 94 contracts and a 36.3% share and Electricity Procurement with 31 contracts and a 12% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

1. Supply & Erection: 81 contracts and an 86.2% share
2. Repair, Maintenance, Upgrade & Others: seven contracts and a 7.4% share
3. Project Implementation: five contracts and a 5.3% share
4. Consulting & Similar Services: one contract and a 1.1% share.

Wind is top technology for Asia-Pacific generation equipment contracts in Q2 2020

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 40 contracts with a 42.6% share, followed by solar with 25 contracts and a 26.6% share and thermal with 15 contracts and a 16% share.

Asia-Pacific generation equipment contracts in Q2 2020: Top issuers by capacity

The top issuers of generation equipment contracts for the quarter in terms of power capacity involved in Asia-Pacific were:

1. Continuum Power Trading (TN) Pvt (India): 250MW from one contract
2. Beijing Energy Investment Holding (China): 92MW from one contract
3. Refrigeration Electrical Engineering (Vietnam): 48MW capacity from one contract.

Asia-Pacific generation equipment contracts in Q2 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:

1. Inox Wind (India): 250MW from one contract
2. LONGi Solar Technology (China): 92MW from one contract
3. Vestas Asia Pacific Wind Technology Pte. (Singapore): 48MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.